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Do the calculations on the coins we have the net asset value just keeps on growing. I believe this is very undervalued. Bring on the share buy back!!! Hopefully starting late April
Our Net Asset Value just keeps on going up. Do the Maths. The buy back is at NAV.
And we are worth more again bitcoin at over 52k and eth at around 3k. The Nav just goes up here.
You can buy on IG. They provide a quote so you can get inside the spread too.
Try X-O share dealing
Where are people buying PNIX? Checked Hargreaves’s lands down and it’s not searchable.
Yep huge disparity v nav. I think no one fully understands how the tender will work but essentially, we should be able to get out at or near nav at some point in the next few months.
That means significant upside vs the current SP and a tremendous downside protection in case BTC or ETH retrace. If previous cycles are anything to go by, BTC should be making new ATHs after the halving, but this cycle might prove to be the exception where it starts making ATHs before the halving already! We shall see... Certainly Eth has the most upside here now imo. with its ETF yet to be approved. Currently a deflationary asset generating a huge amount of fees!
Bitcoin 623 $51232.61 $31,917,916
Ethereum 6,794 $2,727.50 $18,530,635
Solana 86,396 $115.64 $9,990,833
Optimism 732,899 $3.82 $2,799,674
Lido Dao 396,109 $3.24 $1,283,393
Cosmos 57,902 $10.36 $599,864
Near Protocol 225,362 $3.43 $772,991
Iron Fish 60,938 $1.72 $104,813
Stablecoins USDT/USDC 203,220
Total $66,203,339
$4.19 million in cash & other investments
Plus this
$70,393,339
so in pound it's £56,118,977.72 and currently we are trading at £32,790,000 we are well under valued and will go up into halving
Been here a long, long time and things are finally looking up. Looking at the figures posted by others, what would be a reasonable price to get out on? Any thoughts?
Good spot, Bitcoin through $50000 for first time and rising fast so the valuation here is well behind the market so undervalued atm
£28.76 million mcap as of 10/02
Phoenix hold the following:
623 BTC = $29.64million
6794 ETH = $16.96 million
86396 SOL =$9.43 million
732899 OP =$2.46 million
Others $2.8 million approx
$4.19 million in cash & other investments
Total = $65.48 million
Total = £ 51.85 million
Equals 5.13p per share
Current price 2.98p per share
Trading at 58% of NAV. Share price to rise 72% to get to NAV, upcoming tender offer to buy at NAV!!
At these levels you would get a 72% return on your investment. Crypto is booming so could easily go higher.
Even if Crypto prices fall 40% they would still offer the NAV price so you would get your money back.
I doubt there is another crypto investment out there that offers that margin of safety and such upside potential.
Cryptocurrency Quantity Price per Unit (USD) Total Value (USD)
Bitcoin 623 $47,480 $29,617,960
Ethereum 6,794 $2,515.54 $17,006,103
Solana 86,396 $105.81 $9,140,293
Optimism 732,899 $3.42 $2,506,514
Lido Dao 396,109 $2.98 $1,180,404
Cosmos 57,902 $10.06 $582,494
Near Protocol 225,362 $3.04 $685,100
Iron Fish 60,938 $1.78 $108,469
Stablecoins USDT/USDC 203,220
Total Value: $61,449,547
£48,670,499
WE CURRENTLY HAVE A MARKET CAP OF
£28.76M
And halving is coming for Bitcoin in April meaning miners will have less to sell, this is going to get interesting.
It's all about the underlying Net Asset Value here we have the list just do the calculations you'll soon see they're well undervalued
Bitcoin BTC 623
Ethereum ETH 6,794
Solana SOL 86,396
Optimism OP 732,899
Lido Dao LDO 396,109
Cosmos ATOM 57,902
Near Protocol NEAR 225,362
Iron Fish IRON 60,938
Stablecoins USDT/USDC 203,220
Anyone else on this message board?
With any new info.